Maithan Alloys declares interim dividend of ₹11 per share; recommends final dividend of ₹6
Maithan Alloys' Board approved an interim dividend of ₹11 per share for FY2025-26, with a record date of May 21, 2026. The board also recommended a final dividend of ₹6 per share, subject to shareholder approval at the AGM.
Dividend announcements directly impact shareholders and can influence investment decisions. The quantum of dividends declared warrants a medium impact.
The declaration of both interim and recommended final dividends is a positive sign for shareholders, indicating the company's profitability and commitment to returning value.
Maithan Alloys Limited announced a significant outcome from its Board of Directors meeting held on May 16, 2026. The board has approved the payment of an interim dividend of ₹11 per equity share (110%) for the Financial Year 2025-2026. The record date for determining eligibility for this interim dividend has been fixed as May 21, 2026. The interim dividend, subject to tax deduction at source, is scheduled to be paid on or after May 29, 2026.
Furthermore, the Board has recommended a final dividend of ₹6 per equity share (50%) for the Financial Year 2025-25. This final dividend is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM). If approved, the final dividend will be paid within 30 days of the conclusion of the AGM. The record date for the final dividend and the date of the AGM will be communicated once fixed by the Board.
The Board meeting commenced at 12:30 P.M. and concluded at 6:45 P.M. The company is adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for this disclosure.
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Maithan Alloys Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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